mr. kudlow: that is a good question. i think it should be mostly done before the two leaders get together. whether it has to be entirely done, i don't really want to speculate on that. we are going to have to be close , maybe settle a few less details in order to get the leaders together. i think the negotiators on both premier, who in my opinion is a man of great integrity and a true free-market reformer, he knows that, and sosident xi knows that, the closer, the better. i don't want to mislead you. we don't necessarily know all that. again, we are getting close. that's what mr. lighthizer said. has taught mewho literally everything i know about trade in the year i have been in this office, is a cautious man. he is a cautious man. for him to say we are getting closer on it is a positive development. >> in that tutorial, would one thing surprise you? one thing that you did not know that you learned in the process? mr. kudlow: that is a great question. it has been a year. i'm not a trade expert. i have learned a lot of th

mr. kudlow: that is a good question. i think it should mostly be done before the two leaders get together. whether it has to be entirely done, i don't want to speculate on that. i read some things that you all are writing. we are going to have to be close , maybe a few less details in order to get the two leaders together and i think the , wetiators on both sides know that president xi -- present she knows that, we know that. i just don't want to be held or mislead you. we don't necessarily know all that, but again, we are getting close. that is what mr. lighthizer said. bob has taught me everything i know about trade in the year i have been in this office is a cautious man. for him to say we are getting closer on it is a very positive development. >> what is one thing you did not know that you learned in this process? mr. kudlow: that is a great question. it has been a year. i'm not a trade expert. . have learned a lot of things two points. proven that has essentialn be and are -- an essential negotiation tool and he be

mr. kudlow: we just had our legislative hearing yesterday. i haven't pulled every republican but we know there are republicans. there were some republicans who signed the discharge petition in the house. there are others that are very sympathetic to enacting these rules that protect consumers and get it in statute once and for all. a lot of them will hear from the constituents too. the constituents want them to vote for this. during this process, over the next few weeks that members will hear from constituents. members will have questions. addressrying to questions. so they understand this is no longer a title ii bill. put those in statute and to take all of the other parts of title ii people have argued about and say they no longer apply and no fcc can bring those rules back. that is a compromise. that is a different position then where we sat in the cra. protections in the statute. once we get the chance to explain that to our colleagues, we will see votes from both sides. is anly place this partisan issue is washington, d.c. this is not a

mr. kudlow here the sponsorship from pimco there it is, larry kudlow.he director of the national economic council and why he wants the fed to cut rates right now. mr. kudlow in the house. it's great to have you here, larry. >> thank you, tyler. >> we'll be right back i consulted with your grandmother's doctor. we can do the screening at her house. hi. this is the man that's going to check your eyes grandma. cognizant ai solutions are helping healthcare companies advance diagnostics and prevent blindness in patients with diabetes. everything looks good. you have beautiful eyes. ♪ yeah, i thought doing some hibachi grilling would help take my mind off it all. maybe you could relieve some stress by calling geico for help with our homeowners insurance. geico helps with homeowners insurance? they sure do. and they could save us a bundle of money too. i'm calling geico right now. cell phone? it's ringing. get to know geico and see how much you could save on homeowners and condo insurance. >>> welcome back, everybody. i'm sue herera here's your cnbc news updat

speaking of the chinese said quote we have hurt them at the same time mr kudlow scaled back the possibility for a summit between president trump and president g. jinping of china later this month who knows when that will happen and the endeavor talent agency has returned four hundred million dollars of capital to the sovereign wealth fund in saudi arabia in the wake of the murder of journalist and saudi critic jamal and devore led by reputed hollywood super agent ariel and man ul who only threw a party a year ago on.

speaking of the chinese said quote we have hurt them at the same time mr kudlow scaled back the possibility for a summit between president trump and president g. jumping to china later this month who knows when that will happen and the endeavor talent agency has returned four hundred million dollars of capital to the sovereign wealth fund in saudi arabia in the wake of the murder of journalist and saudi critic jamal and devore led by reputed hollywood super agent ariel and man ul who only threw a party a year ago on the celebrating the kingdom who joined the blackstone group with billionaire group ahead richard branson goldman sachs and over on the list the players who have abandoned talks or canceled agreements and investments from the saudi public investment fund or the. the rejection of saudi capital is likely to reverberate in washington as well as hollywood because mr emanuel is the brother of former obama white house chief of staff and outgoing chicago mayor rahm emanuel and devore and the both refused to comment on reports of the returned funds. and the ne

mr. kudlow, let me begin on

mr. kudlow didn't have is a blow torch to the u.s. dollar.mont mining. >> see you back here monday at 5:00 don't move, "options action" starts right after this break. ♪ you e mad they gave this guy a promotion. you should be mad at forced camaraderie. and you should be mad at tech that makes things worse. but you're not mad, because you have e*trade, who's tech makes life easier by automatically adding technical patterns on charts and helping you understand what they mean. don't get mad. get e*trade's simplified technical analysis. >>> hey there, we're live at the nasdaq after a very big day for the markets. the guys are getting ready behind me. while they're doing that, here's what's coming up >> stocks just closed out a blowout quarter, but if you missed the rally, there's one name to play catch up. plus -- >> you have no style or sense of fashion. >> that's what dan nathan is saying about retail stocks right now. and it could be about to get ugly for the group he'll lay out the trade. and -- >> what's ther

mr. kudlow point specifically to economic weakness in european in china. >>> sharese rid-hailing service lyft me their debut on the public market today. it is the first of a ste of big tech companies expected to go public. the company priced its shares $72 apiece valuing the company north of 0billion. today the shares opened above $87 but closed at $78.29, but still an increase ofha more 8%. but did you ever wonder what goes on before the shares of an initial public offering trade? well, seema mody got an clusive loo behind the curtain as the buyers were paired with th sellers. with such a high-profile offering with a lot at ste, it played out like a hollywood suspense fil >> reportean it is allds on deck here at the nasdaq. still awaiting lyft to open for trade. often times you'll see 10 to 15% of the ipo shares turned over in the first tras so i really organizing all those buy an sell orders. this will take a good long time given the number of orders in the book so we'll keep working with the underwriters and the street to figure out when the stock will open. >> reporter: once thatroce

mr. kudlow: actually, we are making good progress. i were trade negotiator was on hishill a lot of this week basic message is we are gaining on it, we are moving forward,

mr. kudlow: we have to see what the track record is, and we are not going to give up our leverage.y,

mr. kudlow: we have to see what the track record is, and we are not going to give up our leverage. thater, just to clarify, doesn't necessarily mean all of the tariffs will be kept in place. some of the tariffs will be kept there. at an that was actually event of the export import bank, which the administration had not really asserted a position on. speaking of leverage, i can tell you administration officials view a fully functioning bank, as larry kudlow put it, is another potential trade resource that will help them use various really give financing to companies like boeing. shery: and it couldn't have come at a better time. we are seeing the u.s. economy starting to slow down. fourth quarter economic growth revised down to 2.2%, so maybe a trade deal is what we really need at this point. let's turn now to the latest on brexit. prime minister theresa may still aiming for a third vote on her brexit deal, possibly tomorrow. winning over her allies in northern ireland's dup is key. joining us from london is stuart briggs. we have seen the prime minister promised to resign. is she c

mr. kudlow said when he spoke with stuart varney earlier on fox business. >> we made so much progress last week when the chinese were here. it started very slowly. bob lighthizer really lit a fire under it thursday, friday, they extended the talks to saturday and sunday, and really, whatever it is, 120, 140 pages, the agreements made last week represent tremendous progress on i.p. theft, on forced technology transfer, on ownership, on cyber interference and maybe most importantly, on enforcement. liz: yeah. kevin hassett, who works with the administration, has also said he saw a line by line detailed report that probably the same thing. we have to ask, is a trade deal right around the corner and with all the progress being made, what is it doing for chinese equities and funds? we bring in jay jacobs. he knows. he's global-x fund's senior vice president who just launched a whole suite of china-focused etfs. but let me start with jon corpina. give me a sense of if the whole market starts to left or there's a little bit of baked in news. >> i think it's a little baked in. normally when you ha

mr. kudlow actually is correct in some ways because we looked at the inversion of the ten-year versus threehe last eight times this happened, seven out of eight is because the three-month jumped up. liz: wait. can i interrupt you and say many times that this happens, it precedes a recession. i want our viewers to know that. go ahead. >> yes, that's right. precedes a recession but it's because the fed's intentionally raising rates, the three month jumps up because the fed is trying to put the brakes. i don't think the fed was trying to slow the economy in december. in fact, we got this inversion because the three-month, you know, if the fed didn't raise in december we would have a normal curve. i'm sympathetic to the idea the rate cut might be appropriate. liz: i'm looking at lyft. looking at lyft, it's a stock today going public, it's not too, too frothy. it certainly has had a nice move to the upside here. we have about 22 minutes left of trade and lyft at the moment on its first day of trade is up 11.5%. it is not at the highs of the session. that said, what stocks would you be going into

mr. kudlow: actually, we are making good progress.

mr. kudlow. ashley: yes. stuart: it did not move the market.ormally you get positive comments on trade -- ashley: they heard so many headlines with the markets, just show us the final deal to get it done. susan: negotiating with the politburo is not an easy thing to do especially on the nationalist platform the chinese president has basically been shoved into power on so it will be a tough negotiation on his part. stuart: we started out with the interview with mr. kudlow. we were down roughly 170. that is where we are now. made no mark on the market. same thing with the president. came out of white house to give comments to reporters. kind of six an one-half a dozen on the others. didn't affect the market. we're still down 160 points as we speak. >>> quickly, venezuela big blackout. any idea what happened? ashley: well, here we go. it was a blackout. the lights went out, stu. back to you, stu. this, in 22 of 23 states in venezuela yesterday. you can imagine, you're stuck on the subway. it was complete chaos. and, power outages not unusual in ve

mr. kudlow yesterday, lawrence kudlow one trade, he is a free-trader.-trade is everybody else? kevin: he cleared up some of the comments by president trump yesterday and said that while the president said some tariffs might be left in place, some of those tariffs -- keyword "some of those tariffs" -- might come off. tom: we had the special olympics and the back-and-forth, and the president had to clean that up as well. will we get the same surprises in the kudlow dialogue? kevin: essentially. larry kudlow saying he hears the concerns and there could be an offramp for tariffs. tom: here is kudlow now. >> we have to see what the track record is and we are not going to give up our leverage. just to clarify, that does not mean all the tariffs. some of the tariffs will be kept. tom: larry kudlow, i know he read jacob barter -- jacob viner in 1948. how are your technical charts affected by the global export/import debate of kudlow and cirilli's world? christopher: try to find me one example historically where chinese stocks rallied 20% and stopped. these are

mr. cud kudlow.democrats vote present on climate change as the green new deal is put to a vote. >> instead of confronting this generational challenge, senate republicans and their leader, mitch mcconnell, have scheduled a sham vote. i can't tell you who i am or what i witnessed, but i can tell you liberty mutual customized my car insurance so i only pay for what i need. oh no, no, no, no, no, no, no... only pay for what you need. liberty. liberty. liberty. liberty. ♪ wgreat tasting, heart-healthys the california walnuts.ever? so simple, so good. get the recipes at walnuts.org. about 50% of people with evesevere asthma k? have too many cells called eosinophils in their lungs. eosinophils are a key cause of severe asthma. fasenra is designed to target and remove these cells. fasenra is an add-on injection for people 12 and up with asthma driven by eosinophils. fasenra is not a rescue medicine or for other eosinophilic conditions. fasenra is proven to help prevent severe asthma attacks, improve breathin

mr. cud kudlow.ge as the green new deal is put to a vote. >> instead of confronting this generational challenge, senate republicans and their leader, mitch mcconnell, have scheduled a sham vote. run with us in the unstoppable john deere gator xuv835, and be prepared to go the extra mile. because when others take rain checks, we take the wheel. with three-wide seating, heat and ac, this is the coolest, most comfortable gator yet. nothing runs like a deere. run with us. save $300 when you test drive and buy a gator xuv835 at participating john deere dealers. i switched to geico and saved hundreds. that's a win. but it's not the only reason i switched. geico's a company i can trust, with over 75 years of great savings and service. ♪ now that's a win-win. switch to geico. it's a win-win. >>> congress has to take this crisis seriously. we need to treat climate change like the extende threat that it. we need to pass a green new deal. this should be our nation's moon shot. paul: that was new york senator an

mr. cud kudlow.democrats vote present on climate change as the green new deal is put to a vote. >> instead of confronting this generational challenge, senate republicans and their leader, mitch mcconnell, have scheduled a sham vote. >>> congress has to take this crisis seriously. we need to treat climate change like the extende threat that it. we need to pass a green new deal. this should be our nation's moon shot. paul: that was new york senator and 2020 democratic hopeful, kirsten gillibrand tuesday, ahead of a procedural vote on the green new deal that failed zero -- that's zero to 57. gillibrand and all senate colleagues making a presidential run voted present on the measure with democrats accusing mitch mcconnell of staging a sham vote in an effort to make climate change a wedge issue in the 2020 election. so kate, how do you vote present on a threat that should be our generation's moon shot? >> sure, paul. i mean, that was sort of the amusement piece of a press conference on tuesday. he's sayin

mr. cud kudlow.n climate change as the green new deal is put to a vote. >> instead of confronting this generational challenge, senate republicans and their leader, mitch mcconnell, have scheduled a sham vote. mornings were made for better things than rheumatoid arthritis or psoriatic arthritis. when considering another treatment, ask about xeljanz xr a once-daily pill for adults with moderate to severe rheumatoid arthritis or active psoriatic arthritis for whom methotrexate did not work well enough. it can reduce pain, swelling, and significantly improve physical function. xeljanz xr can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections and cancers, including lymphoma, have happened. as have tears in the stomach or intestines, serious allergic reactions, low blood cell counts, higher liver tests and cholesterol levels. don't start xeljanz xr if you have an infection. your doctor should perform blood tests before and while taking xeljanz xr, and monito

mr. kudlow is saying, this audience would understand the issue of regulation.oung people, a generation looking for something new, arguing about cost and regulation, when it comes to the scourge of socialism which destroys lives and destroys communities and countries, the argument has to be less about cost and more about what socialism does to the family and to people and to the future. this is the education that has to happen. if you don't, you will have more nonsense just ignore the cost and when you look at our budget, young people might agree with that. that is a mistake. we need to talk about the scourge, the destructive scourge of socialism. stuart: we're definitely on a roll and i like it. music to my ears, tammy bruce. thank you very much indeed. >> thank you,, sir. stuart: lots more to come. president trump's visit kim jong-un was president trump's reykjavik. that was reagan and gorbachev. he will make his case. >>> elon musk is in a fight with the sec he and his lawyers have until march 11th why he shouldn't be held in contempt. i will talk with the fo

chinese exports for the month of february that's the sharpest drop in two years mr trump's national economic adviser larry kudlow speaking of the chinese said quote we have hurt them at the same time mr cupples scaled back the possibility for a summit between president trump and president g. jinping of china later this month who knows when that will happen and the endeavor talent agency is.

mr. king dollar think about this larry kudlow >> he's changed. he's in a different position to speak his mind i think the dollar is not nearly as relevant as everybody else makes out. my belief of the u.s. economy is it's amazingly die flynamidynam. we'll have some sectors that will gain when the dollar is strong and some will lose and the other way around we find a way to win coming and going. >> i think you bring up great point. it's whatever is happening right now, the administration is going to take the opposite tack. if they were thinking about cutting rates because they felt like the economy is weakening. he would be taking the other side of that what is this guy saying? it's strong under my leadership. he wants to control the narrative and doesn't like it that powell has taken the narrative. >> you're so right it's complete nonsense >> it's the strongest economy ever and we need lower rates which is it? >> he evidences a fundamental lack of understanding of the economy and the dollar be the economy is strong and the deficit is coming down,

kudlow. president trump talked about why he is vetoing the congressional resolution blocking his national emergency declaration on the southern border. this is 30 minutes. mr. trump: thank you very much. earlier today i spoke with prime zealand ardren of new about the monsters terrorist attacks at the two mosques. these sacred places of worship were turned into scenes of evil killing. we have all seen what is going on. it is a horrible thing. i told the prime minister that the united states is with them all the way, 100%, whatever they need, we will be there. new zealand has been a great friend and partner for many years. our relationship has never been better. and what they're going through is absolutely terrible. so our hearts are with them, and whatever we can do. we're grateful to be joined today by the vice president. thank you very much, mike, for being here. members of my cabinet, devoted public servants, and angel parents, very important people to me and to a lot of other people. i want to thank you all for being here. thank you so much for being here. we appreciate it. thank you. been through a lot. as we take action to restore our national sovere

mr. stein, dr. stein, the idea, this is, this is on purpose obviously. you know we heard from larry kudlow. capitalism. is it a kind of winning political and economic argument do you think, what do you make of the way the white house is selling isn't. >> if the white house can sell it right, not grammatically, the most winning strategy there ever has been. socialism is suicide pill for the united states of america. socialism is anti-freedom, anti-religion, socialism is is national ruin that any kind of country has tried it. don't get me wrong, we have some forms of socialism in america. national federal bank insurance. we have a federal government old age plan. i know because i'm part of it. we have a federal government health care plan for, almost all old people. but the idea of government pushing everybody else out of the energy business is a terrifying idea. everybody out of the health insurance business, terrifying idea. why did they come up with this. connell: how do you sell that part of it? you're talking about programs, so if you add to the programs to play the other side of it for

free traders like larry kudlow, protectionist like peter navarro, and they hammer it out and make the case to the president of the nine states. we had them both here, by the way. mr. mulvaney: the team functions properly. the president says i agree with you, let's do this. not that you or i might be doing as president, but that is what he gets paid to do, to make those big decisions. he is getting the best information and arguments on all of these target mins. you will not find a better defender of capitalism and free trade and larry kudlow. you will not find a more articulate defender of the more protectionist policy than bob lighthizer. these are smart men and women the president wants to surround himself with. i am proud to be part of that, to be the chief of that staff has been a real rush for the last 12 weeks. i think i started right before christmas, and i will point out that the turn over, because you have not heard anything about it, doesn't happen anymore. i had someone say today, look -- i was telling some folks about this on the way over -- they when you came on at christmas, i knew my time here was over, i would like to leave. they came in today and

kudlow. president trump talked about why he is vetoing the congressional resolution blocking his national emergency declaration on the southern border. this is 30 minutes. mr. trump: thank you very much. earlier today i spoke with prime zealand ardren of new about the monsters terrorist attacks at the two mosques. these sacred places of worship were turned into scenes of evil killing. we have all s

mr. gross. ♪ francine: the u.s. and china are on the cusp of making a remarkable historic trade deal. that's according to white house economic adviser larry kudlowe eyeing a summit between the presidents as soon as mid-march. if we have a deal is it going to be a deal that holds? a substantial deal, and what does that do question mark daragh: but she element for the market, let's just get the deal. -- a key element for the market, let's just get the deal. i think we need to see the names on the dotted line. i suspect it is the currency stability element and the best that treasury secretary mnuchin talked about last week, that care part of the deal. the mechanisms for ensuring compliance. are they an intrinsic part of the deal? that will be the key for mnb. the markets will react to that aspect but we had to get the deal first. chinane: what th agree to keep the yuan stable? daragh: i think they've agreed they will not manipulate the currency for competitive gains. i think that is an economic truth in china. when market forces are driving your currency weaker for whatever reason does china than have to step up its disagreement -- if the agreement

mr. hassert that we have years of 3% gdp growth how can you think that on one hand and on the other hand feel the need for down 50 basis points that was the topic today >> kudlow that and said we just want to protect it we want to protect the recovery. >> doesn't make sense. >> in the face of global weakness tom, does it make sense? the markets seem to almost buy into the fact that we need a rate cut even if it's not necessarily for the reasons that kudlow mentioned >> i think -- i'm with rick and you on this. i think a rate cut at this point, with the economy picking up, would be a real mistake. the economy is looking good to me >> tom, given the moves we've seen in the yield curve over the last couple of months, how are you feeling about q1 earnings for the banks which kick off in a couple of weeks? >> i think it's going to be a mixed quarter for the banks. the largest banks will to the have great trading results the margins for the regional banks will probably be better than they were in the fourth quarter. loan demand will be pretty good. so it's going to be a mixed quarter for the banks. overall this is a sector that got pummelled in the fourth quarter la

kudlow. >> sandra: not too bullish. fox news alert. more lawmakers are calling for the justice department to investigate michael cohen after questions mount over some discrepancies in that public testimony. >> mrgain in front of congress lied. he said that never happened. and i think with mr. cohen given his checkered past if he is breathing, he is lying. >> sandra: michael caputo will be here next. >> bill: a grand jury indicting jussie smollett on 16 charges and new details come forward about the alleged hoax attack in chicago. we'll talk to the attorney for the two men ahead right here in studio. prevagen. healthier brain. better life. if you're thinking about buying member oua homee, you should come to newday usa first. there's no money down, it's the best vehicle that a person who served in the military or is serving today has today to have a new home. if we can possibly get that veteran in a home we're going to do it at newday usa. why would you rent today when you can buy your own home and participate in the american dream? call 1-844-970-3696. veteran families know what it's like to serve. renting. moving. renting again. stop renting. newday usa's operation home can help you own a home

mr. kudlow: i happened to be sitting in on the phone call between the president and the head of boeing. i don't know if you have had the experience of a presidential cross-examination, doing policy stuff in and out of their the time, you better be ready, and he had a lot of tough questions for boeing, a lot of tough questions for bolling i'm not going to go into the details of a private conversation, but the fact that we waited a day is of no consequence. i would not read anything into that. decisions were made at the department of transportation, secretary elaine chao who is a very brilliant woman working with the faa, we are still trying to find the black and open it. we had some trouble with the ethiopians. they wanted to go to a third party and this and that, but it will get squared away. we will learn many, many more facts. it has nothing to do with commercial considerations as far as we are concerned. with. everything to do safety considerations to be honest with you, i would not read a thing into that. -- it has everything to do with safety considerations. to be honest with you,